With concerns about college costs and thegrowing burden of student debt, one state university has a plan to change how its students manage their finances.
In addition to spending millions on financial aid, the University of Kentucky will offer investment accounts to all of its students by 2023.
University president Eli Capilouto said he believes the accounts will help students learn financial literacy, even if it doesn’t make them rich.
“It’s investing in yourself,” Capilouto said in an exclusive interview with USA TODAY ahead of the university’s official announcement. “To me, this is experiential learning on steroids. We’re going to learn with our students. They’ll be our partners too in how we craft these to be impactful.”